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For economy’s sake, bring down cost of credit

On Wednesday this week, all attention will be on the Central Bank of Kenya’s Monetary Policy Committee as it meets to review market developments and evaluate the outcomes of its monetary policy stance.

Expectations are high that this top policy organ will cut the Central Bank Rate (CBR), currently standing at 16.5 per cent. This is due to encouraging monthly inflation figures with that for August 2012 pegged at 6.09 per cent.

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